I’ve been spending a lot of time reading about offshore tax evasion methods in the past couple weeks and it’s truly a staggering and game-changing phenomenon. In any multinational or jurisdiction where it isn’t yet present, it will be soon. … Continue reading
If you don’t know, blame the Russians. A AN-26 plan was shot down earlier today. The wreckage hasn’t yet been found but Poroshenko says it likely wasn’t hit by a mobile rocket launcher. Evidently, some members of the plane have … Continue reading
Goldmans have raised their forecast for the S&P for this year and see it at 2050 by year end compared to 1900 previously forecast. They leave their 2015 call unchanged at 2100. They’ve also raised they’re 12 month from now … Continue reading
1.7070 the low now and bids around here are holding up proceedings for now. Stops are tipped for a break of 1.7050/55. Now look for mild resistance at the 1.7080 level and it’s now likely to be stronger at 1.71. … Continue reading
Ahead of the FOMC minutes last week the market took a punt on hopes for a hawkish line or two in the FOMC minutes. It didn’t come. Are they trying again? The themes today are US dollar strength, soft bonds … Continue reading
Prices rose 0.9% in June. The index has risen or was flat in every month this year. No signs of a slowdown in Canadian housing.
The short term range looks to have been flushed to the downside and a sustained break below 1.7080 could see us trading down to the next decent level of support at 1.7042 Look for 1.7100 to act as decent resistance … Continue reading
Not only did Germany beat the world on the football pitch, their beating the world in financial markets today. The German DAX is at a session high, up 0.9%, and is best-performing developed market in the world today. Some people … Continue reading
Last week Adam highlighted 14 earnings reports to look out for this week and top of the list was Citigroup. The headlines are up and they haven’t disappointed. EPS $1.24 vs $1.05 exp Total Q2 revenue $19.34bn vs $18.8bn exp. … Continue reading
The euro finished the week just above 1.36, where will it be next weekend? Trade ideas are welcome in the comments.
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